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Showing posts from 2017

Balanced Fund

A   mutual fund  that  buys  a  combination  of  common stock ,  preferred stock ,  bonds , and  short-term  bonds, to provide both  income  and  capital appreciation  while avoiding  excessive   risk .   In the hybrid category,  balanced funds  tend to stick to a relatively fixed allocation of stocks and bonds. Actively managed  asset allocation funds  tend to have portfolios with a mix of stocks and  bonds  that responds to market conditions as perceived by the  fund manager . Passively managed asset allocation, life-cycle and  target-date funds   generally have a stock-bond mix that changes over a lifetime, moving progressively from aggressive to more conservative structures.   The purpose of balanced  funds  (also sometimes called  hybrid funds ) is to provide  investors  with a  single  mutual  fund ...

How to Register on New GST Portal

Step 1 –  Every Existing Taxpayer require to Visit on GST Registration Portal By Using Following link www.gst.gov.in Step 2 –   Now Please Click on “ New User Login ” and then   Select the check box  to confirm the Terms and press  continue Step 3 –  Enter Provisional ID, Temporary Password & Captcha Received from your VAT Department and then press   “LOGIN” Step 4 –  Enter Email ID , Mobile number and  click Continue Step 5 – OTP’s will be sent to your Email ID & Mobile no. Please Enter the OTP’s to the correspondent fields and Click Continue  Step 6 –  Enter Username and password for the next time login Step 7 –  Enter Security Answers which will help you to reset the password incase if you forget your current password Step 8 –  GST Login credentials created successfully, Now visit again on GST Portal  and then click on “ Exiting User Login ” and Re-enter with your login credentia...

GST Query

This is perhaps the single largest tax reform in India ever since the economic reforms of 1991 and we need to compliment ourselves for having succeeded in building a consensus on this topic of national importance. What makes our achievement even more special is the fact that a country like the US, despite trying for decades, has not been able to put in place a GST. The expected passage of the 122nd Constitutional Amendment Bill for ushering in the Goods and Services Tax (GST) Bill. The progress of the Bill through the LokSabha and RajyaSabha has probably been the most closely followed legislative function in the history of independent India. Thus, it definitely took us a while to reach that stage where the GST is more or less ready now to be rolled out, but the effort put in and the time taken are definitely well worth. A shift from a production-based indirect taxation to a system of taxation which happens at the point of consumption has been the central concept of GST which has been...

Goods and Services Tax (India)

GST:  If you are a manufacturer you have to pay taxes on goods to both the centre and state for example,  Excise duty to the Centre, Value Added Tax to the state. If you are selling outside the state, you will have to pay octroi and sales tax to the state and central sales tax to the Centre. You will have to file returns for all transactions you make and the taxes you pay or are due to pay All participants in the value chain — manufacturer, wholesaler and retailer – are taxed. And each one will have to have a department to collect and pay tax, and file returns to several departments in the Centre and the states. The states and the Centre have to operate several departments to collect the taxes, each of them with different rules and regulations. GST simplifies all of this. Under GST, you only make two payments if you are selling in the state, one to the Centre – CGST – and one to the state – SGST. If you are selling outside the state, you have to pay Interstate GST to...

Governments initiatives several plans for Investment

Currently, the manufacturing sector in India contributes over 15 per cent of the GDP. The Government of India, under the Make in India initiative, is trying to give boost to the contribution made by the manufacturing sector and aims to take it up to 25 per cent of the GDP. Following the government’s initiatives several plans for investment have been undertaken which are as follows: The Government of India has certified 20 private organisations as incubators under the Startup India Action Plan, which is expected to promote entrepreneurship, provide pre-incubation training and a seed fund for high growth start-ups in the country. The Government of India aims to improve its ease of doing business ranking from 130 at present to within the top 100 by 2016 and the top 50 by 2017, based on reforms undertaken in areas like construction permits, enforcing contracts and starting business, especially by top cities such as Mumbai and Delhi. The Government of India has successfully completed ...